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Difficult Moments

7/29/2020

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It is very fulfilling to work in a profession where we can be the go-to place for someone to come to when they have questions about their finances – one of the most important and potentially difficult facets of life. It can also be very disconcerting, as well, to be helping people with their financial picture in a time when that part of one’s life feels as precarious as it ever has.

With so many people currently in such a difficult position, it is no wonder that so many are paying close attention to Congress as it attempts to hash out another round of stimulus funding. It is great to hear the amount of a trillion dollars being thrown around as a starting point, but it feels like it does not help much if it does not affect you personally and debate overshadows action. This feels especially strong as the $600 federal unemployment enhancement runs out this week just as a federal moratorium on evictions also ends. It then becomes all too easy to see this becoming a tragic situation for people affected by a situation completely beyond their control.

In situations like this, there are no winners. The most that many are hoping for is just to get by. So policy aside, I want this writing to stand as a hope for wellness, financial and otherwise, for as many people as possible as we continue to push through a difficult situation. From our end, we will continue to monitor the situation as legislation is passed and do all we can to be able to give the best advice for your personal situation to try to help you find that positive place.

To reach that end, this is also a plea for those who have been less adversely affected to do what they can to help others who are suffering. A lot of the discussion concerning this next round of stimulus includes another round of individual payments. For those in desperate need of that money, please take it and help your family keep pushing through. For those still afloat, though, please consider donating some of it (if and when it happens). If everyone in such a position passed along just a small portion of that money, we can continue to help push things in that needed positive direction.

Warmly,

Josh Bousquet
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To ensure we don't make the folks at the IRS ornery, we inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any transaction or matter addressed herein.

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